The age of the single senior housing community operator is going the way of the dodo and the dinosaur. Operators handling 10 or more properties account for 43% of all units in operation, according to data from the National Investment Center for Seniors Housing & Care (NIC), which revealed the data on the final day […]
Category: Featured
In senior housing, the relationship between owner and operator is essential to unlocking a property’s revenue potential, flexibility throughout the terms of a lease and access to capital from lenders. Unlocking the opportunities within lease structures was the dominant theme during Day 2 of the National Investment Center for Seniors Housing & Care (NIC) fall […]
While many senior living owners and operators stress investing in their buildings to keep occupancy high, investing in their workers is equally as important, if not more so. That was among the top takeaways from a panel discussion at the National Investment Center for Seniors Housing & Care (NIC) fall conference in Chicago, which began in […]
Atria Senior Living is embarking on a new joint venture with luxury real estate firm Related Companies to develop, own and operate more than $3 billion worth of senior living communities in major, urban markets across the U.S. The joint venture, announced Tuesday, initially includes sites in New York City, San Francisco, Boston, Los Angeles, Miami, Washington […]
Eclipse Senior Living is beefing up its independent living side in a management deal with Apollo Global Management that includes 15 properties and the launch of a new senior living brand. The Lake Oswego, Oregon-based company said Monday it had taken on the management of 15 Apollo communities formerly operated by Brookdale Senior Living (NYSE: BKD) and scattered […]
Hurricanes Florence and Michael have exacted a steep toll on senior living providers throughout the Southeastern United States, including Affinity Living Group. Affinity is the largest provider in the region and one of the largest in the nation, operating more than 140 communities across six states. With about 90 of those facilities in the Carolinas, […]
Many senior living operators are struggling to keep pace with technological innovations. For every forward thinking operator, there is another lagging behind. Not only the pace of innovation but the costs to prepare for it can be overwhelming, Jodi Guffee, Chief Operating Officer of Radiant Senior Living in Portland, Oregon, told Senior Housing News. “If you took […]
Senior housing is again considered one of the best bets for real estate investment and development for the year ahead. That’s according to the 40th annual Emerging Trends in Real Estate report from PricewaterhouseCoopers (PwC) and the Urban Land Institute (ULI). Investors identified senior housing as the top prospect for both investment and development of […]
In the foothills of Tucson, Arizona, a new type of senior housing offering is being developed by Watermark Retirement Communities. The project, called The Hacienda at the Canyon, features an innovative pricing structure — including non-refundable membership fees of up to $60,000 — and an “integrative wellness” approach that blends high-end, resort-like amenities and on-site […]
Senior living providers sometimes use rent concessions to boost lease-ups or get a leg up on the shiny new community down the street — but they are by no means the only way to increase census or grow revenue in the long-term, and might not be the most effective approach. While it can be tempting to […]
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